How to read financials from a small busiess
Unlock the power of your small business's financial data with "Small Business Financials." Many entrepreneurs operate without a clear understanding of their money, leading to uncertainty and missed opportunities. This course transforms financial literacy from a daunting challenge into an empowering tool, showing you how to become an effective steward of your business's resources.
Through practical insights and real-world examples using popular accounting software like QuickBooks, you'll learn to confidently interpret and utilize your financial reports. No more operating blindly; gain the clarity needed to make informed, strategic decisions that drive growth and profitability.
Key learning outcomes include:
By the end of this course, you'll not only understand your financials but also possess the actionable framework to consistently leverage them for sustained success. Take control of your business's destiny by mastering its numbers.
1 activity • 1 videos • duration: 1h 11m
QuickBooks Pro
In 2003 fresh out of Business School my wife and I purchased our first business. I should have known everything there was to know about accounting. After all, I even had an accounting degree. We hired the best CPA firm for our industry and still it was a complete failure. We never even had the basic tools to know how our business was doing financially. I could use QuickBooks, but only to write checks. After we sold out and lost our tails, I came to the realization that there is a huge separation from tax accounting to accounting for what is going on in our business operations. So in August of 2009, I started a different type of accounting firm. One that focuses on helping business build their accounting systems. I was determined not to make the same mistakes that took our first business down and to help others so they would not experience that either. Since then, I have been blessed to have worked with over 2500 business teaching them how to make this software work for them. Yes, I am certified with Intuit, in fact my firm is an off the charts Elite level provider. Yet that really does not matter, we judge ourselves by the successes that so many businesses have had with our training. I am passionate about you using this software correctly. Why? I know how powerful of a tool it can be in your business. If your business grows, so does your community, and your employees lives improve; it’s a win for you and everyone involved. Join us in learning this software together.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
Overview meant for people with limited knowledge of accounting. But still had some interesting takeaways for a more experienced accountant. Knowing some more ratios to look at when doing a financial analysis is helpful.
This course was a good course for entrepreneurs that are focused on the operations and don't have a dedicated accountant. It was a well thought out course.
fantastic course
Basic refresher for non-financial people
